What is "Don't use Factoring" check-box in Load?
The "Don't use Factoring" check-box in a Load provides the option to indicate that factoring services should not be applied to this specific load. Factoring is a financial service commonly used in the transportation industry where a third-party company (factor) purchases the accounts receivable of a business at a discount, providing the business with immediate cash flow.
By selecting the "Don't use Factoring" check-box, the dispatcher or user is specifying that this particular load should not be included in the factoring process. This choice might be made for various reasons, such as when the load is not eligible for factoring, or when the business has a specific arrangement or policy regarding certain loads and factoring services. It provides flexibility and control over the financial processing of individual loads within the transportation management system.